The Nigerian National Petroleum Company Limited (NNPC) has engaged security agencies and other industry stakeholders to dismantle cartels suspected of hoarding petrol across the country.
The company said that as the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continue to improve, it will have products that can last for 30 days.
The Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, therefore called on motorists to shun panic buying of the product.
READ: Nigerians Blast APC Scribe, Ajibola Basiru Over ‘Ignorant’ Comments Against Atiku
In filling stations monitored across several states, including Lagos and the FCT, the queues have since thinned out, a development that will keep improving daily in other states.
The oil company stated that at the moment, it has over 1.5 billion litres of PMS stock, which is equivalent to over 30-day sufficiency.
Soneye said the NNPC Ltd was also collaborating with relevant downstream agencies, such as the Nigeran Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector, and operatives, to address hoarding and other unwholesome practices.
Hafsoh Isiaq is a graduate of Linguistics. An avid writer committed to creative, high-quality research and news reportage. She has considerable experience in writing and reporting across a variety of platforms including print and online.
A cocoa farmer identified simply as Bale has been killed by unknown assailants on his…
A Police officer, attached to the Nasarawa State Police Command has allegedly crushed a 35…
Governor Seyi Makinde of Oyo State has declared that the 2027 elections will be a…
One ‘Professor’ Jide Josiah Jisos has been sentenced to six months by a Chief Magistrate…
A man, Muftau Adefalu, has been arrested by the Ogun State Police for allegedly killing…
The regional distribution of Nigeria's security agency heads under President Bola Tinubu's administration has sparked…
This website uses cookies.